CSP (CSPI) Cyclically Adjusted PB Ratio: 1.80 (As of Aug. 30, 2026) — Near Median

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CSPI CSP Inc CSPI
58 GF Score
Price $8.12
GF Value $11.72
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is CSP Cyclically Adjusted PB Ratio?

CSP CSPI +3.04% 58 Cyclically Adjusted PB Ratio is 1.80 as of Aug. 30, 2026, which is 2% above its 10-year median of 1.76. GuruFocus rates CSPI with a GF Score™ of 58/100 and a GF Value™ of $11.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,471 Software companies, CSP ranks better than 59.96% on this metric.

As of today (2026-08-30), CSP's current share price is $8.12. CSP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $4.51. CSP's Cyclically Adjusted PB Ratio for today is 1.80.

The historical rank and industry rank for CSP's Cyclically Adjusted PB Ratio or its related term are showing as below:

CSPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.76   Max: 7.11
Current: 1.8

During the past years, CSP's highest Cyclically Adjusted PB Ratio was 7.11. The lowest was 0.87. And the median was 1.76.

CSPI's Cyclically Adjusted PB Ratio is ranked better than
59.96% of 1471 companies
in the Software industry
Industry Median: 2.39 vs CSPI: 1.80

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

CSP's adjusted book value per share data for the three months ended in Jun. 2026 was $4.401. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSP  (NAS:CSPI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


CSP Cyclically Adjusted PB Ratio Related Terms


CSP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CSP's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CSP Cyclically Adjusted PB Ratio Chart

CSP Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 0.96 2.23 3.17 2.67

CSP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 2.67 2.88 1.95 1.76

CSPI vs QXL, CTM, TTEC: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, CSP's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CSP Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, CSP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CSP's Cyclically Adjusted PB Ratio falls into.


CSPI
58GF Score
CSP Inc CSPI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSP Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

CSP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.12/4.51
=1.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CSP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CSP's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.401/333.9520*333.9520
=4.401

Current CPI (Jun. 2026) = 333.9520.

CSP Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.310 241.428 3.195
201612 2.337 241.432 3.233
201703 2.246 243.801 3.077
201706 2.287 244.955 3.118
201709 2.668 246.819 3.610
201712 2.452 246.524 3.322
201803 2.326 249.554 3.113
201806 2.255 251.989 2.988
201809 4.207 252.439 5.565
201812 4.159 251.233 5.528
201903 3.949 254.202 5.188
201906 3.937 256.143 5.133
201909 3.662 256.759 4.763
201912 3.587 256.974 4.662
202003 3.343 258.115 4.325
202006 3.347 257.797 4.336
202009 3.453 260.280 4.430
202012 3.654 260.474 4.685
202103 3.505 264.877 4.419
202106 3.502 271.696 4.304
202109 3.874 274.310 4.716
202112 3.861 278.802 4.625
202203 3.766 287.504 4.374
202206 3.800 296.311 4.283
202209 4.278 296.808 4.813
202212 4.469 296.797 5.028
202303 4.399 301.836 4.867
202306 4.695 305.109 5.139
202309 4.881 307.789 5.296
202312 4.915 306.746 5.351
202403 4.946 312.332 5.288
202406 4.941 314.175 5.252
202409 4.835 315.301 5.121
202412 4.803 315.605 5.082
202503 4.811 319.799 5.024
202506 4.825 322.561 4.995
202509 4.497 324.800 4.624
202512 4.524 324.054 4.662
202603 4.470 330.213 4.521
202606 4.401 333.952 4.401

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.80 mean?
CSP (CSPI) has a Cyclically Adjusted PB Ratio of 1.80 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CSP and its competitors. This is near median its historical median of 1.76. Over the past decade, CSP's Cyclically Adjusted PB Ratio has ranged from 0.87 to 7.11. According to the industry distribution chart, CSP ranks #589 out of 1471 companies in the Software industry, placing it in the top 40%.
Is CSP's Cyclically Adjusted PB Ratio too high?
CSP's current Cyclically Adjusted PB Ratio of 1.80 is near median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 7.11. The Software industry median Cyclically Adjusted PB Ratio is 2.39. CSP's value of 1.80 is 24.7% below this industry median. Based on the distribution chart, CSP ranks #589 out of 1471 companies in the Software industry, which is above the industry midpoint. Overall, CSP has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CSP's Cyclically Adjusted PB Ratio compare to QXL and CTM?
According to the Software industry distribution chart, CSP ranks #589 out of 1471 companies for Cyclically Adjusted PB Ratio. This puts CSP in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.39. CSP's value of 1.80 is 24.7% below this benchmark. Historically, CSP's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 7.11 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 2.39, CSP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.39, based on 1,471 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CSP's current Cyclically Adjusted PB Ratio of 1.80 is 24.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CSP and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSP's current Cyclically Adjusted PB Ratio is 1.80, which is near median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSP stock overvalued right now?
Based on GuruFocus' analysis, CSP (CSPI) is currently considered Possible Value Trap. The stock's GF Value™ is $11.72, compared to a current price of $8.12 — trading 30.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.80, which is near median its 10-year median of 1.76 and 24.7% below the Software industry median of 2.39. CSP's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For CSP (CSPI), the current Cyclically Adjusted PB Ratio is 1.80 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CSP (CSPI) Overvalued in 2026?

Based on GuruFocus' analysis, CSP stock appears to be undervalued. The current stock price of $8.12 is trading 30.7% below its estimated GF Value™ of $11.72. GuruFocus considers CSP to be Possible Value Trap.

Key valuation signals for CSPI:

  • Cyclically Adjusted PB Ratio: 1.80 (near median its 10-year median of 1.76)
  • GF Value™: $11.72 vs. price of $8.12 (30.7% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 24.7% below the Software median (#589 of 1471)

No single metric tells the full story. See the CSPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSP Business Description

Address 175 Cabot Street, Suite 210, Lowell, MA, USA, 01854
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and high-performance cluster computer systems. The firm operates in two segments, namely Technology Solutions, where the company focuses on value-added reseller integrated solutions, including third-party hardware, software, and technical computer-related consulting, and High-Performance Products segments, where the company designs, manufactures, and delivers products and services to customers that require specialized cybersecurity services, networking, and signal processing. It generates a majority of its revenue from the Technology Solutions segment. Geographically, the company generates the majority of its revenue from the Americas.
58GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.12
Price
$11.72
GF Value